Choosing the right broker is crucial for traders looking to maximize their opportunities in the financial markets. Seikom is a broker that has been gaining attention, but how does it perform when evaluated across key areas such as regulation, security, trading conditions, account offerings, and user platforms? This review takes a balanced approach to assess Seikom’s features, advantages, and drawbacks to help traders make an informed decision.
Regulation and Security
Seikom operates in a space where regulatory oversight is essential to ensure the safety and fairness of trading activities. The broker complies with certain regulatory standards. The company is licenced by FCA (Financial Conduct Authority, Registration No. 02856884) and SEC (U.S. Securities and Exchange Commission, Registration No. 8-48578).
Security-wise, Seikom employs encryption technologies and segregated accounts to protect client funds and data. However, potential traders should conduct due diligence to confirm these measures and assess the broker’s transparency regarding regulatory oversight.
Trading Conditions and Tradable Assets
Seikom offers a variety of trading instruments, catering to diverse trader needs. These include:
- Forex: Major, minor, and exotic currency pairs.
- Stocks: Access to popular global equities.
- Indices: Tradable indexes from leading economies.
- Commodities: Precious metals, energy products, and agricultural goods.
- Cryptocurrencies: Bitcoin, Ethereum, and other leading digital assets.
The broker provides competitive spreads, but its commission structure and overnight fees vary by account type. Leverage options are generous but require careful management, especially for novice traders. The broker also supports both fixed and variable spreads, giving traders some flexibility depending on their strategies.
Seikom Account Types
Seikom offers multiple account types to cater to different trading needs. These range from: Standard, Amateur, Professional, Ruby, Emerald, and Dragon.
Standard
- Minimum deposit: $500
- Minimum investment period: 6 months
- Basic education
- Analyst’s brief consultations
- Online access to trading terminal
- Leverage: 1:5
- Online support from Monday to Friday
Amateur
- Minimum deposit: $5,000
- Minimum investment period: 6 months
- Basic education
- Analyst: once per week, 30 min
- Online access to trading terminal
- Leverage: 1:5
- Trading signals once per week
- 1 risk-free order
Professional
- Minimum deposit: $25,000
- Minimum investment period: 3 months
- Advanced education
- Analyst: 2 times per week, 60 min
- Online access to trading terminal + personal support
- Leverage: 1:10
- 2 risk-free orders
- 1 trading bot
Ruby
- Minimum deposit: $100,000
- Minimum investment period: 3 months
- Advanced education
- Analyst’s support 24/7
- Online access to trading terminal + personal support
- Leverage: 1:33
- 10 signals per week
- 3 risk-free orders
- 2 trading bots
- Personal trading plan: quarter
- Detailed order analysis and support
- Trust management: up to 30 days, 1 professional analyst
Emerald
- Minimum deposit: $500,000
- Minimum investment period: 3 months
- Professional education
- Analyst’s support 24/7
- Online access to trading terminal + personal support by 2 analysts
- Leverage: 1:50
- Unlimited signals
- 5 risk-free orders
- 3 trading bots
- Personal trading plan: year
- Detailed order analysis and support
- Trust management: 1 quarter, 2 professional analysts
Dragon
- Minimum deposit: $1,000,000
- Minimum investment period: 3 months
- Professional education
- Analyst’s support 24/7
- Online access to trading terminal + personal support by 3 analysts
- Leverage: 1:100
- Unlimited signals
- 10 risk-free orders
- 5 trading bots
- Personal trading plan: year
- 24/7 order analysis and support
- Trust management: 2 quarters, 4 professional analysts
Traders should evaluate the minimum deposit requirements, leverage limits, and specific features associated with each account type before signing up.
Trading Platforms
- Proprietary Platform: Seikom also offers its own trading platform with an intuitive interface and customizable charting tools.
- Mobile App: For traders who prefer to trade on the go, the broker’s app delivers essential functionalities for efficient trading.
These platforms offer advanced analytics, automated trading capabilities, and access to real-time data.
Education and Support
Seikom provides educational resources aimed at improving traders’ skills. These include:
- Webinars and Tutorials: Covering basic and advanced trading concepts.
- Market Insights: Daily updates on market trends and forecasts.
- Demo Accounts: Allowing new traders to practice in a risk-free environment.
Customer support is available via live chat, email, and phone, but response times can vary.
Advantages and Disadvantages
Pros:
- Wide variety of tradable assets.
- High level of security, including SSL encryption and two-factor authentication
- Competitive spreads and flexible account types.
- Comprehensive educational resources.
Cons:
- No Meta Trader 4/5
- Potentially high fees on certain accounts.
- Response times for customer support could be improved.
Summary
Seikom presents itself as a versatile broker with a strong lineup of tradable assets and user-friendly platforms. While it offers competitive trading conditions and educational resources, traders should carefully verify its regulatory compliance and fee structures. Its advantages cater to both beginners and experienced traders, but some drawbacks, such as unclear regulation and mixed customer support feedback, need to be addressed for a better overall experience. Conduct thorough research and testing (e.g., using a demo account) before committing to this broker.
I’ve been using Seikom for over a year now. Everything’s fine except for occasional delays with support, but it’s not a big issue. The platform does its job.
For me, spreads are decent here. I mainly trade forex, and it works well as long as you stay away from exotic pairs.
Great choice for beginner traders. They’ve got good educational resources and a demo account, so you can figure things out without losing your money right away.
There are cheaper brokers out there, to be fair. But I like Seikom for its reliability. It’s more about peace of mind than being the most cost-effective option, and that’s a win for me
I’ve been on the platform for four months, and it’s working well so far. No issues with trading or withdrawals. The only thing is, the mobile app could use some improvements.
Honestly, I picked this platform randomly, but so far, so good. Plenty of trading tools, withdrawals go through fine, and fees aren’t crazy.
I’ve tried a few brokers, but what I like about Seikom is their support team. They respond quickly and actually help, even when you’re asking newbie questions. That’s a big deal for beginners.